Czech government wants to privatize CSA and Prague Airport

The Czech government plans to privatize air transport. By selling Czech Airline (CSA) and Czech International Airport Ruzyne in Prague, the state budged could get tens of milliards of Czech crowns.

CSA is now an unprofitable company, although its results are getting better. Czech international airport records profits more than a billion Czech crowns a year. After the expansion of runways in few years, the airport could be even more valuable for investors.

Prague International Airport served 11 millions passengers last year but still it doesn’t belong among the 30 largest airports in the world. The largest airport in the world is in Atlanta (followed by Chicago and London Heathrow). Prague Airport will have the direct connection with Atlanta from May 2007.

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